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China's Vice Premier He Lifeng has been appointed as the director of the ruling Communist Party's commission covering economic policy, the financial sector, and trade ties with Washington. This appointment strengthens his status as the country's economic overlord and follows his meetings with U.S. Treasury Secretary Janet Yellen and EU Trade Commissioner Valdis Dombrovskis. Additionally, President Xi Jinping made his first known visit to the People's Bank of China, signaling the government's increased focus on shoring up the economy and financial markets.

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